taxation

taxation tax‧a‧tion [tækˈseɪʆn] noun [uncountable] TAX
1. the act or system of charging taxes:

• These reforms will occur at the same time as changes in banking and taxation.

• Reinvested profits would be exempt from taxation (= would not be taxed ) .

ˌcapital taxˈation TAX
tax on money owned as capital rather than on money earned as income:

• There are differences between the parties' policies on capital taxation, namely inheritance tax and capital gains tax.

deˌferred taxˈation TAX
taxation using Deferred Taxes
diˌrect taxˈation TAX
taxation using Direct Taxes
disˌcriminatory taxˈation TAX ECONOMICS
taxation using discriminatory
ˌdouble taxˈation TAX ECONOMICS
when a single amount of money is taxed twice. For example, company profits are taxed and then taxed again when they are given to shareholders in the form of dividend S:

• The US taxes corporate profits when they are earned and also when they are paid to shareholders in the form of dividends; eliminating this double taxation has long been a goal of economists.

ˌindirect taxˈation TAX
taxation using Indirect Taxes
ˌmultiple taxˈation TAX
when a single amount of money is taxed more than once, often by two or more different authorities in a way that may be unfair or illegal:

• The tax was imposed in a way that would expose the same property to multiple taxation by Florida and other states where the company does business.

2. money collected from taxes:

• We'll have to consider even higher taxation in the next year or two.

— see also equity of taxation

* * *

taxation UK US /tækˈseɪʃən/ noun [U] TAX, GOVERNMENT
the system of collecting taxes: »

The proposals restrict investors' ability to shelter their assets from taxation.

»

Reform of the country's taxation system is high on the Government's economic agenda.

central/general/local taxation »

Britain has one of the highest rates of personal taxation in the world.

»

Generally, all capital gains are taxable unless you are exempt from taxation.

»

In Europe health care, education or sponsorship of the arts, have largely been financed through higher rates of taxation.

»

The committee proposed a sweeping overhaul of the tax code last week, aimed at shifting more of the burden of taxation to the wealthy

»

business/company/corporate taxation

money that is collected as tax: cut/reduce/raise taxation »

The big corporations are adamant the government must reduce taxation.

»

excessive/heavy taxation

»

high/low taxation

See also CAPITAL TAX(Cf. ↑capital tax), DEFERRED TAX(Cf. ↑deferred tax), DIRECT TAXATION(Cf. ↑direct taxation), DISCRIMINATORY TAXATION(Cf. ↑discriminatory taxation), DOUBLE TAXATION(Cf. ↑double taxation), INDIRECT TAXATION(Cf. ↑indirect taxation), MULTIPLE TAXATION(Cf. ↑multiple taxation), REDISTRIBUTIVE TAXATION(Cf. ↑redistributive taxation)

Financial and business terms. 2012.

Look at other dictionaries:

  • taxation — [ taksasjɔ̃ ] n. f. • taussacion 1283; lat. taxatio ♦ Le fait de taxer (I); son résultat. 1 ♦ Fixation par voie administrative, réglementaire, du prix maximum (parfois minimum) applicable à certains biens, certains services. Taxation de denrées… …   Encyclopédie Universelle

  • taxation — tax·a·tion n 1: the action of taxing: as a: the imposition of taxes b: the judicial determination of costs 2 a: revenue obtained from taxes b: the amount assessed as a tax 3: a particular system of taxing …   Law dictionary

  • Taxation — refers to the act of a taxing authority actually levying tax. Taxation as a term applies to all types of taxes, from income to gift to estate taxes. It is usually referred to as an act; any revenue collected is usually called taxes. Taxation can… …   Investment dictionary

  • Taxation — Tax*a tion, n. [F. taxation, L. taxatio a valuing, estimation, from L. taxare. See {Tax}.] 1. The act of laying a tax, or of imposing taxes, as on the subjects of a state, by government, or on the members of a corporation or company, by the… …   The Collaborative International Dictionary of English

  • taxation — Taxation. s. f. v. Il n a guere d usage qu au pluriel, & sign. Certains droits attribuez à quelques Officiers qui ont le maniement des deniers du Roy. Il a tant pour ses taxations. de tout l argent qui luy passe par les mains, il a cinq deniers… …   Dictionnaire de l'Académie française

  • taxation — [tak sā′shən] n. [ME taxacion < MFr taxation < L taxatio < pp. of taxare: see TAX] 1. a taxing or being taxed 2. a tax or tax levy 3. revenue from taxes …   English World dictionary

  • Taxation — (v. lat.), Schätzung, Würdigung des Werthes eines Gegenstandes, bes. wenn sie im Processe od. sonst in Veranlassung eines juristischen Geschäftes geschieht. Die T. erfolgt durch Personen, welche entweder von den betheiligten Parteien eigens zu… …   Pierer's Universal-Lexikon

  • Taxation — (lat.), Schätzung oder Wertbestimmung einer zum Verkauf, zum Austausch oder zur Übergabe bestimmten Sache, geschieht auf Anordnung einer Staatsbehörde oder auf Veranlassung von Privatpersonen durch Taxatoren, Sachverständige, die von den Parteien …   Meyers Großes Konversations-Lexikon

  • taxation — (n.) early 14c., imposition of taxes, from Anglo Fr. taxacioun, O.Fr. taxacion, from L. taxationem (nom. taxatio), noun of action from pp. stem of taxare (see TAX (Cf. tax) (v.)) …   Etymology dictionary

  • taxation — ► NOUN 1) the levying of tax. 2) money paid as tax …   English terms dictionary

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